Brief: Abraxas Petroleum Corp Says On June 25, Co, Unit Entered Into Waiver And Amendment No. 10 To Credit Agreement
26/06/2020 20:54
June 26 (Reuters) - Abraxas Petroleum Corp AXAS.O :
* ABRAXAS PETROLEUM CORP - ON JUNE 25, CO, UNIT ENTERED INTO
WAIVER AND AMENDMENT NO. 10 TO CREDIT AGREEMENT
* ABRAXAS PETROLEUM - PURSUANT TO AMENDMENT, PARTIES AGREED
TO
WAIVE CO'S DESIGNATED EVENTS OF DEFAULT WITH RESPECT TO ITS
CREDIT FACILITY
* ABRAXAS PETROLEUM - PURSUANT TO AMENDMENT, PARTIES AGREED
TO
AMEND CERTAIN COVENANTS, PAYMENT PROVISIONS OF THIRD AMENDED &
RESTATED CREDIT AGREEMENT
* ABRAXAS PETROLEUM - ABRAXAS, SOCIÉTÉ GÉNÉRALE, AND LENDERS
ALSO
AGREED THAT BORROWING BASE WOULD BE ADJUSTED FROM $135.0 MILLION
TO $102 MILLION
Source text: (https://bit.ly/382HTC6)
Further company coverage: AXAS.O
((Reuters.Briefs@thomsonreuters.com;))
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